Category: Insurance Philippines

Number Coding Guide for Filipino Motorists in 2020 [Infographic]

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The Metro Manila Development Authority (MMDA) lifted the number coding scheme in March this year due to limited public transportation operations during the enhanced community quarantine in Metro Manila. Seven months after the suspension, the agency decided to keep the coding scheme lifted because of the limited number of public utility vehicles available for many Filipinos’ return to the roads after the lockdown. MMDA General Manager Jose Arturo Garcia has…

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Terms and Conditions for Refund and Cancellation of Policies in The Non-Life Insurance Setting in The Philippines [Infographic]

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Terms and Conditions for Refund and Cancellation of Policies in The Non-Life Insurance Setting in The Philippines Infographic

Unexpected events, such as accidents and loss of properties, happen every day. And these uncertainties can set back people financially. This is why an insurance policy is vital for Filipinos who want to protect themselves and their valued properties from damages and losses. Getting insured can help minimize the financial burden the unexpected events may bring. There are different kinds of non-life insurance Philippines available in the market, each with…

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Why an Insurance Company Would Cancel Your Policy

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Insurance plays a vital role in your financial well-being, which protects you and your family in times of great need for financial assistance. As you move through life, it stresses the importance of insurance in a long-term plan. Today, many factors can leave you in financial ruin if you are not adequately insured. No matter your situation as a professional, employee, or business owner, an unexpected situation can unravel quickly,…

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Insurance and COVID-19: How Health Insurers Support Clients and Agents [Infographic]

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Insurance and COVID-19 How Health Insurers Support Clients and Agents featured image

The coronavirus pandemic has affected the normal flow of work and business, halting operations during the first few months of 2020. Various companies, including insurance firms, have temporarily closed during the enhanced community quarantine implementation in March and continued during the Modified ECQ in May and the current general community quarantine. The strict regulations of the community quarantines have affected individual lives and the workflow of businesses. For example, most…

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Tips to Avoid Fraudulent Insurance Providers

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Life is filled with uncertainty, and many things remain outside of your control. As change is inevitable, one can only guess what is going to happen next. We go on our daily lives, unsure whether we’ll get caught in an accident or not.  Knowing every day, we face the risk of being in an accident, and getting insured is the best way to grasp some control over life. At some…

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PhilHealth Announces New COVID-19 Coverage

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The novel coronavirus, otherwise known as COVID-19, has already killed more than 1,800 people and infected around 72,000 others ever since it was detected in Wuhan last December. China has naturally seen the first death from COVID-19, but the first death outside China is in the Philippines. It was on January 30, 2020, when the first case of the COVID-19 was reported in the Philippines due to a 38-year old…

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What is an Insurance Limit?

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Insurance policies are essential to secure people financially in case anything happens to one’s property or on one’s health. Insurance plans will serve as lifesavers for the insured since they will not have to pay out of their pockets as long as they have the necessary coverage for what they endured. No matter the type of policy one has and its coverages, people will not enjoy their insurance limitlessly since…

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Know About Insurable Interest

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Nobody in the world is getting any younger, and one can say that the world is getting more dangerous as the days go by. Some people might be superstitious and not want to invite trouble by getting insured, but there’s no doubt that life insurance is beneficial for those who’ll be left behind. Getting life insurance is an excellent way to protect one’s loved ones from any financial difficulties they…

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Why Renters Need Home Insurance?

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Many Filipinos are superstitious and believe that getting insurance, whether it is life or health, is like they’re admitting that something disastrous will inevitably happen to them, and most Filipinos want to shy away from the thoughts to keep them safe during their everyday life. Most people also think that getting insurance is reserved only for the elite, those who can afford it without worrying about any other expenses. The…

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Insurance Fraud in the Philippines that you should be Aware Of

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Insurance Fraud in the Philippines that you should be Aware Of featured image

Being a victim of insurance fraud can cost too much in financial, legal court, and emotional trauma. However, avoiding such tragedy can be avoided to be prevented with the right knowledge of how such crime works There are many instances when insurance fraud occurs, for example, when a consumer tries to find insurance for his/her car. According to the Philippine Insurers and Reinsurers Association, car insurance scams in the Philippines…

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